Search found 10492 matches

by MotoTrojan
Mon Sep 21, 2020 7:06 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Ah you’re asking how to compare funds, not how the funds achieve said value exposure. Clearest and most consistent way is to regress the HML factor exposure which is based on P/B, but that is less effective with some niche funds. But there’s nothing stopping you from calculating any of these other ...
by MotoTrojan
Sun Sep 20, 2020 7:28 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

This is a very basic question, but, how are defining "value", and which equities qualify as "value" and which do not? Is this based mainly on price to book (from my reading of HML, it looks like it's primarily based on price to book)? Many ways. Some use P/B, many a composite of various things like...
by MotoTrojan
Sun Sep 20, 2020 5:37 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

This is a very basic question, but, how are defining "value", and which equities qualify as "value" and which do not? Is this based mainly on price to book (from my reading of HML, it looks like it's primarily based on price to book)? Many ways. Some use P/B, many a composite of various things like...
by MotoTrojan
Sun Sep 20, 2020 5:36 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Trying to learn more about PV. I'm doing a factor regression on an int. ex. US portfolio with 50% VEA and 50% DISVX. I choose 5 factor Fama & French (good choice?). Market (Rm-Rf) 1.08 0.017 62.373 0.000 1.050...1.118 Size (SMB) 0.14 0.043 3.375 0.001 0.060...0.229 Value (HML) 0.19 0.054 3.530 0.00...
by MotoTrojan
Sun Sep 20, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Here's the fund info: VUSE - Vident Funds From the fact sheet, it slices across cap weightings: large cap - 30.9% mid cap - 41.9% small cap - 27.1% The fund tracks the Vident Core U.S. Stock Index TM . How does that index track against other indices? Some more info here but still a bit vague: https...
by MotoTrojan
Sun Sep 20, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

But sometimes I wonder if international is even worth it considering the unrecoverable tax withholdings. Whenever I've used triceratops tax efficiency calculator, I've found that US and Ex-USA funds are perfectly fine from a tax perspective for me. Actually quite close. I hold FNDE in my taxable ac...
by MotoTrojan
Sat Sep 19, 2020 9:59 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 121
Views: 9532

Re: Losing Money with Index Funds

I'm curious as to why the question is specific to index funds. Are you implying you might have lost less in active funds? I only have index funds. VTSAX, VBTLX and VFIAX...I just recently opened my Vanguard account and am a complete beginner. :o VTSAX and VFIAX are nearly identical. VTIAX (internat...
by MotoTrojan
Sat Sep 19, 2020 5:38 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 121
Views: 9532

Re: Losing Money with Index Funds

I'm curious as to why the question is specific to index funds. Are you implying you might have lost less in active funds? I only have index funds. VTSAX, VBTLX and VFIAX...I just recently opened my Vanguard account and am a complete beginner. :o VTSAX and VFIAX are nearly identical. VTIAX (internat...
by MotoTrojan
Sat Sep 19, 2020 9:43 am
Forum: Personal Investments
Topic: Fund Performance Comparisons
Replies: 23
Views: 1220

Re: Fund Performance Comparisons

Good points but I think historical growth/past performance does mean something and I'd sure want to know how a fund has performed YTD, 1yr, 3yr, 5yr 10yr and since inception before investing. I realize past performance is no guarantee of future results but if a fund has consistently outperformed an...
by MotoTrojan
Sat Sep 19, 2020 9:41 am
Forum: Personal Investments
Topic: Fund Performance Comparisons
Replies: 23
Views: 1220

Re: Fund Performance Comparisons

tibbitts wrote: Sat Sep 19, 2020 7:47 am

The fact that you don't seem to understand the share-class concept suggests that you might want to rethink investing until you've learned a little more.
This. This reaffirms that OP is just seeing tickers and not really thinking about the actual holdings or strategies being applied.
by MotoTrojan
Sat Sep 19, 2020 9:39 am
Forum: Personal Investments
Topic: Fund Performance Comparisons
Replies: 23
Views: 1220

Re: Fund Performance Comparisons

Put simply, if it were this easy, you’d be a billionaire manager-of-managers by now who simply invests peoples money in the top performing funds for them and takes 2% and 20% of gains like a hedge fund.
by MotoTrojan
Sat Sep 19, 2020 9:33 am
Forum: Personal Investments
Topic: Fund Performance Comparisons
Replies: 23
Views: 1220

Re: Fund Performance Comparisons

Good points but I think historical growth/past performance does mean something and I'd sure want to know how a fund has performed YTD, 1yr, 3yr, 5yr 10yr and since inception before investing. I realize past performance is no guarantee of future results but if a fund has consistently outperformed an...
by MotoTrojan
Sat Sep 19, 2020 8:06 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

New post be Asness on the (lack of a) size effect. https://www.aqr.com/Insights/Perspectives/There-is-No-Size-Effect-Daily-Edition Summary is that illiquidity causes beta to come in low (sometimes well under 1) on small-caps, resulting in the marginally statistically significant premium (alpha). In ...
by MotoTrojan
Fri Sep 18, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Thought you all may enjoy this comparison of VOO, VBR, and SLYV showing percentile scales (top 1000 US stocks) on Size & Book/Price. And here is SLYV vs. AVUV (pretty subtle): Here is all 3 again but instead of size, gross profitability (not seeing any huge differences): One more before I run... VF...
by MotoTrojan
Fri Sep 18, 2020 8:37 pm
Forum: Personal Investments
Topic: Fund Performance Comparisons
Replies: 23
Views: 1220

Re: Fund Performance Comparisons

Good points but I think historical growth/past performance does mean something and I'd sure want to know how a fund has performed YTD, 1yr, 3yr, 5yr 10yr and since inception before investing. I realize past performance is no guarantee of future results but if a fund has consistently outperformed an...
by MotoTrojan
Fri Sep 18, 2020 8:10 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5719

Re: Ring for a new girlfriend

Don't go overboard. Scares away the fish. +1 And it sort of creates the expectation that she will spend a similar amount on a gift for you. If this early planning for something like Christmas then she may have already bought you a much less expensive gift for you and that could also be more than a ...
by MotoTrojan
Fri Sep 18, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 113
Views: 8344

Re: AQR still singing the same song

Rick Ferri wrote: Fri Sep 18, 2020 7:25 pm Cliff Asness agreed to be my November guest on the Bogleheads on Investing podcast. Bogleheads will be able to ask him intelligent questions that would benefit the community. I will post more next month.

Rick Ferri
This sounds great!!!
by MotoTrojan
Fri Sep 18, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5719

Re: Ring for a new girlfriend

boogiehead wrote: Fri Sep 18, 2020 7:36 pm What's the occasion, if you don't mind revealing? Seems like you might be setting the bar too high too soon for yourself :P.
Agreed. Setting yourself up for failure unless this is a shallow relationship (nothing against some transactional lovin’).
by MotoTrojan
Fri Sep 18, 2020 7:43 pm
Forum: Personal Investments
Topic: Decision time...to lump sum or not to lump sum
Replies: 24
Views: 2164

Re: Decision time...to lump sum or not to lump sum

gwe67 wrote: Thu Sep 17, 2020 2:03 pm I would be pretty nervous about dumping $797K into the market at once. Lots of potential regret there. Although this is typically the preferred choice over buying-in over time.
Would you also regret not selling your $797K 401k before a crash? They are the same.
by MotoTrojan
Fri Sep 18, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Thought you all may enjoy this comparison of VOO, VBR, and SLYV showing percentile scales (top 1000 US stocks) on Size & Book/Price. https://i.postimg.cc/cCqPNzp4/Small-Value-Comparison.png And here is SLYV vs. AVUV (pretty subtle): https://i.postimg.cc/wvNbFV1K/AVUV-SLYV.png Here is all 3 again but...
by MotoTrojan
Fri Sep 18, 2020 4:26 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Avantis is just so new and I know the DFA has good track history (has done worse though in the past 20 years though vs SLYV). As shown, DFA really hasn't done much worse (outside of higher expense ratio) than SLYV, it just has higher factor loading and the factors have done worse. See below how 75/...
by MotoTrojan
Fri Sep 18, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

1. Why didn't the other factors (momentum, quality) help this year? Momentum HAS helped so far this year, adding some performance relative to the total market. Quality has NOT helped because the quality factor has had negative returns year to date. Size helped a little bit, as did VFMF's slightly h...
by MotoTrojan
Fri Sep 18, 2020 3:46 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5719

Re: Ring for a new girlfriend

Can tell you from experience that giving rings as non-engagement gifts is a dangerous activity. Maybe a necklace, earrings, or bracelet would do? OP, this here. 9-10 months is not out of the realm of engagement ring territory for dating in your 30s especially if things are going well or you live to...
by MotoTrojan
Fri Sep 18, 2020 3:41 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

https://www.etrade.wallst.com/v1/stocks/fund_portfolio/portfolio.asp?symbol=VBR Is E*TRADE wrong? It's not wrong, just probably a little misleading if you don't know what you're doing. Why is it misleading, I actually don't know For many reasons. VBR might be buying the smallest of the midcaps whil...
by MotoTrojan
Fri Sep 18, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

Vanguard QEG has a very poor track record in everything they have done so far, why would these factor funds be any different than their other long run factor funds. Let's see, long history of mediocre performance at best from Strategic Equity, Strategic Small Cap Equity, Explorer value, US Value (n...
by MotoTrojan
Fri Sep 18, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5719

Re: Ring for a new girlfriend

Can tell you from experience that giving rings as non-engagement gifts is a dangerous activity. Maybe a necklace, earrings, or bracelet would do?
by MotoTrojan
Fri Sep 18, 2020 3:03 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 37
Views: 4485

Re: Is retirement in 2 years possible?

I personally would be nervous with that withdrawal rate this early, but if you can cut back here and there it seems like it would work.

Make sure you actually know what healthcare costs are too.
by MotoTrojan
Fri Sep 18, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

. So far VFMF looks okay (if wanting those types of tilts). Here are the factor loads since inception (using daily data to increase sample size): 0.02 = Annual alpha 0.98 = Market 0.45 = Size 0.47 = Value 0.18 = Momentum 0.19 = Profitability [quality] 97.7 = R^2 https://www.portfoliovisualizer.com/...
by MotoTrojan
Fri Sep 18, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 25
Views: 1983

Re: So, you want to tilt to growth

so if value and growth have outperformed each other 20 yrs each out of 40yr, then why is it taboo on Bogleheads to tilt toward growth, but seems ok to tilt toward value? Overall the true boglehead wouldn't tilt at all, but tilts are favored here when heading toward value. Is it just because we assu...
by MotoTrojan
Fri Sep 18, 2020 12:26 pm
Forum: Investing - Theory, News & General
Topic: Books/websites for a 12 year old to learn about investing
Replies: 14
Views: 688

Re: Books/websites for a 12 year old to learn about investing

Random Walk Down Wallstreet would work for an avid reader at that age I would think. Intro To Bogleheads is good too but more focused on the implementation than simply getting them interested in the overall themes.
by MotoTrojan
Fri Sep 18, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 25
Views: 1983

Re: So, you want to tilt to growth

Investors buy recent winners rather than build a well-balanced portfolio because of a myopic view of performance. Over the last 40 years, growth has outperformed value 20 times, and value has outperformed growth 20 times, but in the recent past growth has outperformed. so if value and growth have o...
by MotoTrojan
Fri Sep 18, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 25
Views: 1983

Re: So, you want to tilt to growth

Investors buy recent winners rather than build a well-balanced portfolio because of a myopic view of performance. Over the last 40 years, growth has outperformed value 20 times, and value has outperformed growth 20 times, but in the recent past growth has outperformed. so if value and growth have o...
by MotoTrojan
Fri Sep 18, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 25
Views: 1983

Re: So, you want to tilt to growth

Investors buy recent winners rather than build a well-balanced portfolio because of a myopic view of performance. Over the last 40 years, growth has outperformed value 20 times, and value has outperformed growth 20 times, but in the recent past growth has outperformed. so if value and growth have o...
by MotoTrojan
Fri Sep 18, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

I don't, but I was talking about mid caps in general (its basically a 50-50 mid and small mix) What makes you say that? My estimate tell me it's closer to 80-20 small-mid. https://www.etrade.wallst.com/v1/stocks/fund_portfolio/portfolio.asp?symbol=VBR Is E*TRADE wrong? It's not wrong, just probably...
by MotoTrojan
Fri Sep 18, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

Yes, like so many that invest in small value stocks because they did well in the past. Or those that jump into momentum or quality or profitability or low volatility stocks because they performed well in the past. I'd rather performance chase something that has a good long-run history but has done ...
by MotoTrojan
Fri Sep 18, 2020 9:00 am
Forum: Personal Investments
Topic: Thoughts about Leveraged ETF's
Replies: 19
Views: 1009

Re: Thoughts about Leveraged ETF's

Therefore I am looking to place a little money in high risk/ high reward investments. Good thoughts from vineviz above but to flesh it out a bit more, while UPRO is high risk, I don't know that I would call it high reward. This thread's 1st post has a TON of great info on these funds, and actual wa...
by MotoTrojan
Fri Sep 18, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

VBR does a perfectly fine job at getting exposure to HML relative to say SLYV, and still gets most of the SMB exposure. By holding a little more VBR you can get the same exposure while reducing your overall weighted expense ratio, so unless you need a deeper fund to meet your target exposure, no ne...
by MotoTrojan
Fri Sep 18, 2020 8:02 am
Forum: Personal Investments
Topic: Thoughts about Leveraged ETF's
Replies: 19
Views: 1009

Re: Thoughts about Leveraged ETF's

Therefore I am looking to place a little money in high risk/ high reward investments. Good thoughts from vineviz above but to flesh it out a bit more, while UPRO is high risk, I don't know that I would call it high reward. This thread's 1st post has a TON of great info on these funds, and actual wa...
by MotoTrojan
Fri Sep 18, 2020 7:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

I'd hope not, but given the Boglehead affinity for performance-chasing I wouldn't be surprised. Yes, like so many that invest in small value stocks because they did well in the past. Or those that jump into momentum or quality or profitability or low volatility stocks because they performed well in...
by MotoTrojan
Fri Sep 18, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2064

Re: Should I help my mother pay off debt?

Your wife’s opinion will matter here more than anything, especially since I presume the inheritance was from her side. Maybe you can convince your mother to let you pay off $30K plus whatever interest that portion has accrued; keeps this equal between siblings at $10K each which could help her pride...
by MotoTrojan
Fri Sep 18, 2020 7:34 am
Forum: Personal Investments
Topic: Advice: Benefits in Early Career
Replies: 2
Views: 316

Re: Advice: Benefits in Early Career

I would confirm if Roth 401k contributions are acceptable for the match. I know the company can only contribute the match as pre-tax, so worth double checking that you’ll still get it if your contribution is Roth. Unless you can get that 5.7% WAY down I would probably put every penny beyond the matc...
by MotoTrojan
Fri Sep 18, 2020 7:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard Multifactor fund VFMF has had a bad year
Replies: 57
Views: 3091

Re: VFMF has had a bad year

I'd hope not, but given the Boglehead affinity for performance-chasing I wouldn't be surprised. Yes, like so many that invest in small value stocks because they did well in the past. Or those that jump into momentum or quality or profitability or low volatility stocks because they performed well in...
by MotoTrojan
Fri Sep 18, 2020 7:11 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Glad to hear you are starting to narrow things down! Few more answers to hopefully get you to the finish line. I think I prefer SLYV over VIOV because its market cap is about 4x the size and ER is the same IJS mkt cap is over 2x of SLYV, but a higher ER and I think a 2B mkt cap is fine, but not sure...
by MotoTrojan
Fri Sep 18, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

Point is the decision on which fund is less critical than you are making it out to be, the real question is how much do you want to tilt? Once you decide that, using VBR, SLYV, VIOV, or AVUV really won't matter much, you just may want to adjust how much of each you hold to get you that tilt. Hmm. I...
by MotoTrojan
Thu Sep 17, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: what % of stocks in SP500 returns better than index?
Replies: 27
Views: 2459

Re: what % of stocks in SP500 returns better than index?

The vast majority of companies not only underperform the market, they underperform t-bills.
by MotoTrojan
Thu Sep 17, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 2711
Views: 201100

Re: Small Cap Value heads Rejoice !!!

So from doing some light studying about SCV I have some questions and conclusions: 1. It seems like S&P600>Russell 2000 b/c of the extra screening process, right? 2. VBR/VSIAX have a lot of mid cap, about half, way too much for the purpose of scv. I have a few questions though. 1. What are the diff...
by MotoTrojan
Thu Sep 17, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 113
Views: 8344

Re: AQR still singing the same song

One final point. There is great controversy about how best for funds to define and capture the SCV premium. SCV funds choose a wide variety of approaches. It may well turn out that in order to harvest it long term premium you have to pick not just any SCV fund but the right one, since there is a wi...
by MotoTrojan
Thu Sep 17, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: AQR still singing the same song
Replies: 113
Views: 8344

Re: AQR still singing the same song

Fun to see all the people who endlessly bash factor investing in this thread with the same tired arguments. Meanwhile, I'm happily plugging along with my AQR funds, which I have held since 2014. My entire IRA is AQR funds. QSMLX has outperformed every other noteworthy small cap value fund since its...
by MotoTrojan
Thu Sep 17, 2020 3:51 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 25
Views: 1983

Re: So, you want to tilt to growth

Yes, I have a family member who sees the huge gains in growth and then sold value to buy QQQ during August. Performance chasing! We don’t have to worry about which will outperform with the total stock market fund which is of course one of the benefits holding it long term. Yikes... moving S&P500 fu...
by MotoTrojan
Thu Sep 17, 2020 3:38 pm
Forum: Investing - Theory, News & General
Topic: any lessons to remember from dot com bubble?
Replies: 22
Views: 2175

Re: any lessons to remember from dot com bubble?

columbia wrote: Thu Sep 17, 2020 2:46 pm Don't buy individual stocks.
CSCO still had a decade-long 40% CAGR even at the bottom of it's 80%+ drawdown :twisted: :greedy .